Alterra Estimates Q3: $20/30M
Bermuda-based Alterra Capital Holdings Limited today [Oct.12] announced that its initial loss estimate from Hurricane Irene and other catastrophe events that occurred during the third quarter of 2011 is in the range of $20 million to $30 million, pretax and net of reinsurance and reinstatement premiums.
Alterra believes that its estimated losses from first half 2011 global catastrophe events continue to be within previously announced ranges. The Company’s actual losses from these events may vary materially from the estimates due to the inherent uncertainties in making such determinations resulting from several factors.
